Ethereum Hits Record High, Ripple Slips Lower

Investing.com – Ethereum, the world’s third-largest cryptocurrency by market capitalization, hit a fresh record high on Sunday. Ethereum was trading at $1,074.00 by 09:41 AM ET (14:41 GMT) on the Bitfinex exchange, after rising to peak of $1,085 earlier in the day.

It had a market cap of $107 billion, remaining in third place behind bitcoin, which has a market value of about $282 billion. Bitcoin was trading at $16,551.00 on the Bitfinex exchange.

Bitcoin rose as high as $19,891 on 17 December on Bitfinex and to more than $20,000 on other exchanges. However, from its all-time high reached in mid-December, the price dropped by almost half over the rest of the month before recovering.

Meanwhile, Ripple’s XRP token was down 2.37% to $2.73 on the Poloinex exchange. Prices retreated from last week’s record highs after Coinbase, one of the largest exchanges for cryptocurrencies said that it has not made a decision to add new currencies to its platform.

This dampened recent speculation that it would include Ripple. Ripple now has a market cap of $130 billion, in second place behind bitcoin. Read more from investing.com…